[Podcast] 7 money tips to supercharge your finances, with Brett Warren

Today’s episode will not be a property episode, but it will definitely relate to property and building your wealth over time.

Becoming financially fluent would be the best gift you can give yourself.

The challenge is who do you listen to?

Who do you get advice from?

That's why, in my daily Property Update we deliver property information from a range of leading experts and I discuss a lot about how to become financially fluent, and that's why we have these sorts of episodes on the podcast.

I’ve found that getting sound, impartial financial advice along your journey to wealth is not a cost.

It's an investment.

Interestingly all the wealthy people I know have advisors and are happy to pay for them.

At the same time, the average Australian gets financial advice from Instagram, Twitter, Facebook, and even podcasts like this.

So, despite that disclaimer, today I want to share seven money tips to supercharge your finances.

7 Essential strategies for financial well-being

In this episode, Brett Warren and I dive into the core strategies and mindset shifts necessary for achieving long-term wealth and financial stability.

The conversation covers a broad range of topics, from investment advice to personal financial habits, all aimed at helping listeners build a solid foundation for their financial future.

1. If you are born poor it’s not your fault, but if you die poor it’s your mistake
   1. It’s important to take responsibility for your own life and financial situation.
2. Don’t follow the herd
   1. If you follow the crowd, you’ll end up as average as they are
3. Understand how many months or years you have left in your wealth window
   1. The wealth window is the time from now until when you stop receiving an earned income. You need to know how much you are going to earn in that time and how much you will keep
4. Practice delayed gratification
   1. Successful people have higher patience levels. Learn to postpone enjoyment and work toward a bigger goal
5. Don't think you can make money by trading property
   1. To make money this way, you have to beat the odds. It’s a form of gambling. Stick to proven wealth strategies that work instead.
6. Avoid Credit Card Debt
   1. Credit card debt makes you less attractive to the banks, and it’s bad debt.
7. Insure yourself
   1. You’d insure your house and your car against damage and disaster. Take similar care with your biggest asset, yourself. Insure yourself against bad surprises such as cancer, a heart attack, a car accident, or death.

These strategies emphasize that while accumulating wealth requires discipline and strategic planning, it is attainable with the right guidance and mindset.

Links and Resources:

Michael Yardney

Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us

Brett Warren - National Director Metropole

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Some of our favorite quotes from the show:

“Look what the market has done in the last decade or so, and it's much the same in Melbourne. It's going through a flat period at the moment, the likes of which I haven't seen since the early 90s.” –Michael Yardney

“The wealthy people are really thinking 10, 15, 20 years into the future. By doing that, it helps you understand where you want to be, and what you’ve got to do to get there.”  – Michael Yardney

“Poor people spend their money and save what's left, while rich people save their money and spend what's left.” – Michael Yardney

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